Cognizant Technology Solutions Corp. (NASDAQ:CTSH) shares traded -1.62% lower at $72.69 on Wall Street last session.
CTSH stock price is now 6.17% away from the 50-day moving average and 2.27% away from the 200-day moving average. The market capitalization of the company currently stands at $36.14B.
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With the price target of $72, Goldman recently initiated with Neutral rating for Cognizant Technology Solutions Corp. (NASDAQ: CTSH). On April 01, 2024, Susquehanna Downgraded its previous ‘Positive’ rating to ‘Neutral’ on the stock reducing its target price from $87 to quote $80, while ‘Guggenheim’ rates the stock as ‘Neutral’
In other news, Diaz Kathryn, EVP, Chief People Officer sold 900 shares of the company’s stock on Mar 12 ’24. The stock was sold for $69,350 at an average price of $77.06. Upon completion of the transaction, the EVP, Chief People Officer now directly owns 8,312 shares in the company, valued at $0.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21 ’24, Director Patsalos-Fox Michael sold 10,000 shares of the business’s stock. A total of $767,323 was realized by selling the stock at an average price of $76.73. This leaves the insider owning 54,695 shares of the company worth $3.98 million. A total of 0.20% of the company’s stock is owned by insiders.
During the past 12 months, Cognizant Technology Solutions Corp. has had a low of $62.14 and a high of $80.09. As of last week, the company has a debt-to-equity ratio of 0.09, a current ratio of 2.35, and a quick ratio of 2.35. According to the stock market information, the enterprise value for the company is $35175387136, which is based on a 17.46 price-to-earnings ratio, a 2.64 price-to-earnings-growth ratio, and a beta of 1.06. The fifty day moving average price for CTSH is $68.5796 and a two-hundred day moving average price translates $71.1017 for the stock.
The latest earnings results from Cognizant Technology Solutions Corp. (NASDAQ: CTSH) was released for 2024-03-31. The net profit margin was 10.84% and return on equity was 16.00% for CTSH. The company reported revenue of $4.76 billion for the quarter, compared to $4.81 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.08 percent.
